Metrotown –the defacto city center in Burnaby is located towards its southern end. City Hall is located at the center of the Burnaby, and therefore, it is the center-point of most of the activities in the entire area, offering a variety of cafes and restaurants.
The Burnaby area is known to feature a wide number of shopping centers in the municipality, including Brentwood Town Centre, with the average home prices Burnaby can offer to be as low as $700,000 and the cost of living is lower than in the City of Vancouver. Single-family homes are typically priced for around $1M, townhomes are over $500,000, and condos for about $360,000.
Amongst the leading Burnaby neighbourhoods in the Burnaby real estate listings, Montecito is the most expensive area. It is located just northwards to the Lougheed Highway in the eastern area of North Burnaby. Here, the average price for the Burnaby houses might soar as high as $1.8 million. Some of the other pricey area to Burnaby include the Garden Village, Parkcrest, Lonsdale real estate, Upper Delbrook, Fraser Valley, and so more.
Central and Forest Hills are the two neighbourhoods to Burnaby wherein property is known to sell on an average home price range of $600,000 -$800,000. Here, you can expect to buy Burnaby homes, including both independent homes as well as condos.
Neighbourhoods nearby
Climate
The City of Burnaby is known to feature a pleasant climate across the year. This results in spectacular greenery as well as breathtaking landscapes all around. Winters tend to be rainy rather than snowy. Summer weather is known to extend from June to mid-September with warm, cozy, breezy days.
Home Buyers
There are various real estate opportunities in when you wish to buy single-family homes or rent a space in Burnaby, Canada. Before you decide in which neighborhoods to buy your next property, you can take a look at the neighborhood map of Metro Vancouver and Central Burnaby to decide which area suits best your needs. At the current rate, the median price for Burnaby real estate market is expected to be $675,000. This price is determined by several factors and might differ from time to time. Buying a home in Burnaby real estate market is considered highly lucrative in comparison to other real estate markets –especially to the neighboring real estate markets of Richmond BC, North Vancouver, West Vancouver and Vancouver BC.
If you are interested in buying a home in Burnaby, including homes in central location or Burnaby condos, you must reach out to a professional realtor in lower mainland. When you do so, you can be convinced of the best results as far as your real estate investment in Burnaby is concerned. Check out the neighborhood info to find out which area best fits your requirements.
Find a Realtor
Burnaby is a diverse and vibrant community in Canada located on the eastern edge of Vancouver. With its impressive history of cultural diversity, agriculture, and industry, Burnaby is filled with a variety of desirable areas to reside as well as work for the locals. As the 3rd largest city in British Columbia, Burnaby is home to a wide number of independent homes, condos, apartments, and even townhouses. With the real estate booming in East Burnaby, we are prepared to show you several homes as well as featured listings that match your specific requirements.
Facts About the City
Burnaby is the third largest city in BC (British Columbia) in Canada and is known for its breathtaking natural beauty as well as scenic places all around. As Burnaby is quite a famous city in British Columbia, Canada, the real estate market in the place is booming at a rapid rate. Simon Fraser University is located in North Burnaby and is known to be one of the best schools in Canada. The city is home to a wide range of agricultural as well as industrial units that attract abundant employment all around. The lowland area of the city features parks with a lot of green space, trail systems, and streams –including the Central Park, Deer Lake Park Burnaby, Burnaby Lake Park, Fraser River, and Burrard Inlet. The city also houses several urban centers in South Burnaby and Burnaby East along with town centers and high-end transportation all around. Some of the major attractions located in & around Burnaby include:
- Grouse Mountain
- Lions Gate Bridge
- Westlynn Terrace
- Indian River
- Fraser Valley
Demographics
Before you look forward to making real estate investment in any city, it is important to analyze the demographics of the place. As per the reports of Census Canada, is has been observed that currently, around 63 percent of the residents in Burnaby own their independent houses and 37 percent of them live in rented spaces including townhouses & condos.
Cities Nearby
Burnaby is surrounded by high-end lower mainland neighborhoods, as well as cities in Canada including:
- Belcarra
- White Rock
- Burnaby South
- City of Vancouver
- New Westminster
- Coquitlam
- Port Coquitlam
- Port Moody
The closest nearby city is Port Moody and New Westminster.
Schools
When you live in a place, it is imperative for you to consider the education system of the place. Some of the primary Burnaby schools in Burnaby school district are:
- Holy Cross
- Burnaby Mountain
- St. Michaels
- Burnaby North
- Burnaby Central
- Our Lady of Mercy
Burnaby also offers a variety of colleges and universities for those who want to get a degree or specialization, such as:
- Simon Fraser University (SFU)
- British Columbia Institute of Technology (BCIT)
Entertainment
Burnaby has five shopping centers: Metropolis at Metrotown which is located next to the Crystal Mall, City of Lougheed, The Heights and Brentwood Town Centre.
Commute
Burnaby is known to be a highly commuter-friendly city. With 66 percent of its residents driving, around 29 percent of the individuals make use of the available transit options. The Skytrain makes Burnaby easily accessible to nearby cities and neighborhoods. The major route that connects Burnaby to the other cities nearby is Trans-Canada Highway, which help you get to the Bowen Island and Sunshine Coast, as well as North Shore communities. The Lougheed Highway and Kingsway will lead you to Mount Pleasant and Downtown Vancouver area.
FAQ: Burnaby Real Estate
1. What is Burnaby Real Estate?
Burnaby Real Estate refers to the properties, houses, condos and apartments that are available for purchase or rent in the city of Burnaby, British Columbia, Canada. The city is considered a part of Greater Vancouver and offers a great location for those looking to live near the city but not in the hustle and bustle of downtown Vancouver.
2. Where can I find Burnaby Real Estate Listings?
You can find Burnaby Real Estate Listings on a variety of websites. The listings are compiled by real estate agents and brokers who specialize in the Burnaby area and can be found on sites like
MLS®,
BC Real Estate Listings and
Real Estate Board of Greater Vancouver.
3. What are the most popular neighbourhoods in Burnaby for Real Estate?
Some of the most popular neighbourhoods in Burnaby for Real Estate include
Brentwood,
Metrotown,
Burnaby Mountain,
Burnaby North and
South Burnaby. Each neighbourhood has its own charm and amenities, which attract different types of homebuyers and renters.
4. How is the Real Estate Market in Burnaby?
The Real Estate market in Burnaby is considered to be strong, with many listings available for sale and rent. Prices vary depending on the neighbourhood and type of property, but overall, the market is thriving and offers many opportunities for homebuyers and investors.
5. Is Burnaby Real Estate a good investment?
Many experts consider Burnaby Real Estate to be a solid investment opportunity due to the city’s proximity to Vancouver, its growing population, and its many amenities. Whether you are looking to buy a home for your family or as an investment property, Burnaby Real Estate offers a great long-term investment opportunity.
6. What are the transportation options in Burnaby?
Burnaby offers many transportation options, including
transit buses, sky trains and easy access to major highways. This makes it easy for commuters to get to and from work, as well as for families to access all the amenities that the city has to offer.
